Greece (GRC) and Nicaragua (NIC) Trade | The Observatory of Economic Complexity

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Greece-Nicaragua Trade: In 2022, Greece exported $2.93M to Nicaragua. The main products that Greece exported to Nicaragua were Plastic Pipes ($869k), Packaged Medicaments ($853k), and Liquid Dispersing Machines ($764k). Over the past 5 years the exports of Greece to Nicaragua have increased at an annualized rate of 18.7%, from $1.25M in 2017 to $2.93M in 2022.

In 2022, Greece did not export any services to Nicaragua.

Nicaragua-Greece Trade: In 2022, Nicaragua exported $12.7M to Greece. The main products that Nicaragua exported to Greece were Refined Petroleum ($10.7M), Coffee ($900k), and Ground Nuts ($475k). Over the past 5 years the exports of Nicaragua to Greece have increased at an annualized rate of 51.9%, from $1.03M in 2017 to $12.7M in 2022.

In 2022, Nicaragua did not export any services to Greece.

Comparison: In 2022, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B). That same year, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Greece exported $2.93M to Nicaragua. The main products exported from Greece to Nicaragua were Plastic Pipes ($869k), Packaged Medicaments ($853k), and Liquid Dispersing Machines ($764k). During the last 5 years the exports of Greece to Nicaragua have increased at an annualized rate of 18.7%, from $1.25M in 2017 to $2.93M in 2022.

In 2017, Nicaragua exported $12.7M to Greece. The main products exported from Nicaragua to Greece were Refined Petroleum ($10.7M), Coffee ($900k), and Ground Nuts ($475k). During the last 5 years the exports of Nicaragua to Greece have increased at an annualized rate of 51.9%, from $1.03M in 2022 to $12.7M in 2017.

Exports from Greece () to Nicaragua () (2022)

Exports from Nicaragua () to Greece () (2022)

Latest Data

Trade between Greece () and Nicaragua ()

Greece Exports

Date

Nicaragua Exports

Date

Mar 2016

Feb 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$5.82B

Nicaragua
Top DestinationUnited States$4.09B

This map shows whether countries import more from Greece or Nicaragua. Each country is colored based on the difference in imports they receive from Greece and Nicaragua or the difference in the growth in imports.

In 2022, countries that imported more from Greece than Nicaragua included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Nicaragua than Greece included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

Difference in imports from Nicaragua () and Greece () (2022)

Comparative Advantage Greece - Nicaragua

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Greece and Nicaragua by product, considering products traded by both, Greece and Nicaragua.

During 2022, Greece had a large net trade with Nicaragua in the exports of Plastics and Rubbers ($888k), Chemical Products ($860k), and Machines ($858k).

During 2017, Nicaragua had a large net trade with Greece in the exports of Mineral Products ($10.7M), Vegetable Products ($1.42M), and Foodstuffs ($503k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Nicaragua+$1.09MPackaged Medicaments

Top Product Potential Nicaragua Greece+$1.52MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Greece and Nicaragua. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Nicaragua. Similarly, a dot/product with the flag of Nicaragua indicates it has a comparative advantage over Greece.

About

Historical Data

Bilateral Trade by Products

Exports from Greece () to Nicaragua () (2022)

Exports from Nicaragua () to Greece () (2022)

Latest Data

Trade between Greece () and Nicaragua ()

Greece Exports

Nicaragua Exports

Market Competitiveness

Difference in imports from Nicaragua () and Greece () (2022)

Comparative Advantage Greece - Nicaragua

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Greece () and Nicaragua () (2022)

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